2023-04-25 11:00:56
This agreement comes within the framework of the promotion of Morocco’s offer and the strengthening of Chinese investments in the automotive sector.
Investments: Bank of Africa is continuing its development projects. It recently signed during a road show in China a memorandum of cooperation within the framework of the promotion of Morocco’s offer and the strengthening of Chinese investments in the automotive sector. Furthermore, the bank is continuing its commitment to preserving the environment. She has taken a new step by launching a pilot decarbonization project at club level in Morocco. The details.
Bank of Africa Shanghai recently announced the signing of a memorandum during a roadshow in China. Concluded on April 18, this memorandum of cooperation was signed with AMDIE, the Wuhan Economic Development Zone and the International Federation of Chinese Entrepreneurs, during the roadshow organized by AMDIE in China. This agreement comes within the framework of the promotion of Morocco’s offer and the strengthening of Chinese investments in the automotive sector. “This partnership was signed between Ali Seddiki, Managing Director of AMDIE, Tong Fei, Commercial Director of Wuhan Economic Development Zone, Amine Lahmamsi, Managing Director of Bank of Africa Shanghai, and Zoe Zhang, Secretary General of the International Federation of Chinese Entrepreneurs. The parties have agreed to join their efforts to attract Chinese investors wishing to set up in Morocco, through the regular exchange of information on existing projects and investment opportunities from China,” explains the bank. in a press release. The objective is to establish a competitive commercial platform in the medium term to facilitate trade and exports in the automotive sector and the long-term establishment of an electric vehicle factory in Morocco. “Through this partnership, Bank of Africa confirms its support for projects with an international dimension and further strengthens its particular support for Chinese investments in Morocco by putting its expertise to the benefit of its partners. For its part, the AMDIE is strengthening its mechanism for attracting and supporting Chinese investors,” said the same source. In its statement, the bank said that the Wuhan Economic and Technological Development Zone -WEDZ-, is one of the main national economic and technological development zones in central China, ranking first among the 200 development zones in the world. state level in terms of overall power.
Today, WEDZ is home to nearly 30,000 companies. , whatever their sector of activity, their continent or their culture”, reports the same press release. On a completely different note, Bank of Africa announced on April 24 the launch of a pilot project in favor of decarbonization. She is installing a photovoltaic power plant at her Club in Morocco. “Bank of Africa’s historic commitment to preserving the environment and reducing greenhouse gas emissions is taking a further step by launching the pilot project for the decarbonization of energy consumption through the implementation of place of the 1st photovoltaic power plant at the level of its Club”, explains the bank. And to specify: “This 1st solar installation equivalent to 52 MWH will allow the Club to significantly reduce its energy bill, with savings estimated at around 25%, or 86 Kdh per year, and a reduction in the GHG footprint of 69 tEqCO2 per year. Thus, Bank of Africa is committed to reducing its GHG emissions relating to its electricity consumption, which today constitute 70% of its CO2 emissions from its latest carbon assessment of scope 1 and 2 operational activities”.
Note that this initiative was launched on the occasion of International Earth Day 2023.
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